Zeev's Turnips Patch-No Politics (ZEEV)

[madrose1]

James J Cramer ...calling for a "trampoline bounce " tomorrow ;)

( i just love to tease )

Put-Buying Could Give Friday a Bounce
Wednesday March 3, 12:59 pm ET

By James J. Cramer, RealMoney Columnist
http://biz.yahoo.com/tsp/040303/10146733_1.html

Some good news about why Friday could turn out OK: There's massive put-buying on the semiconductors and the QQQs (AMEX:QQQ - News). If we don't get a really negative scenario, meaning bad news from Intel (NasdaqNM:INTC - News) and a bad employment number (and I've written about what bad means) we could see an initial decline and then a snapback rally as all of these put positions get unwound.

Understand that we haven't seen enough put activity to matter yet. But at this pace, I have to tell you that we certainly are going to have a trampoline underneath, especially in tech, in time for late morning action Friday.